Preparing for year-end

Before the fiscal year-end

Ensure that all financial records are included. Throughout the year, bills and invoices may get misplaced. Reconciling the following accounts to year-end statements will ensure you have entered all financial activity for the fiscal year:

Verify your capital assets. Ensure that you’ve set up your capital assets with an original cost. From the AgExpert Analyst menu, select Setup and Capital Assets.

Review the CCA Schedule Report before year-end. From the AgExpert Analyst menu, select Reports > Report Console > Tax Information > CCA/Depreciation. You can generate this report by standard classes by class 10.1. Select the depreciation rate and generate the report. Verify the numbers for all columns on this report.